Financial Services Industry
Industry: Email Alert RSS FeedFuji Photo Film Trims Trade Size
Global Finance, Oct 2004
Fuji Photo Film reduced the number of common shares representing one minimum trading unit in the Japanese market to 100 shares from 1,000 shares.
This change will not affect the ADR ratio to common shares of one to one. Existing ADRs will continue to be valid and will not have to be exchanged for new ADRs, according to JPMorgan Chase, the depositary bank for the unsponsored ADR program.
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Fuji is the leading producer of photographic film and paper in Japan and is virtually tied with Eastman Kodak in the global market.
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